March 24, 2022/InvestmentOne Report
The Nigerian equities market closed in the red territory by 0.43% as NGX-ASI closed at 46,960.29pts.
In today’s trade, market breadth index was slightly positive with 16 gainers against 14 losers
VERITASKAP (+9.52%) was the top gainer, while RTBRISCOE (-9.72%) led the losers today.
FIDELITYBK (+1.54%) was the most actively traded stock with about 48million units of shares worth about N157million.
Sector Performances
· NGX Banking Index: Declined by 0.09%, due to the losses seen in STERLNBNK (-3.80%), JAIZBANK (-2.94%), ZENITHBANK (-1.12%), and UBA (+0.65%).
· NGX Consumer Goods Index: Decreased by 0.07% on the back of sell-off printed In FLOURMILL (-3.13%).
· NGX Oil and Gas Index: Accelerated by 0.87% on the back of buy interest recorded in OANDO (+6.38%).
· NGX Industrial Index: Closed flat.
Performance of key stocks
S/N | Stock | Current Price (N) | 1-day change (%) | Week to date change (%) | Year to date change (%) |
1 | ACCESS | N/A | N/A | N/A | N/A |
2 | FBNH | 12.05 | 0.42% | 1.26% | 5.70% |
3 | FIDELITYBK | 3.29 | 1.54% | 9.67% | 29.02% |
4 | GTCO | 23.00 | -11.54% | -12.21% | -11.54% |
5 | UBA | 7.60 | -0.65% | -12.14% | -5.59% |
6 | ZENITHBANK | 26.60 | -1.12% | -0.19% | 5.77% |
7 | AIRTELAFRI | 1260.00 | 0.00% | 0.00% | 31.94% |
8 | BUACEMENT | 70.75 | 0.00% | 0.00% | 5.52% |
9 | DANGCEM | 273.50 | 0.00% | 0.00% | 6.42% |
10 | MTNN | 204.00 | -0.73% | -0.73% | 3.55% |
11 | OKOMUOIL | 143.50 | 0.00% | 0.00% | 1.06% |
12 | SEPLAT | 930.00 | 0.00% | 0.00% | 43.08% |
The equities market closed southwards today due to the losses witnessed in Banking and Consumer Goods sectors. Going forward, we expect investor’s sentiments to be swayed by the search for real positive returns and developments in the interest rate space. We reiterate that this may be a great period to pick up some quality names with a medium to long-term investment horizon.
Please click here to download today’s price list.
